The FIDC is in the pre-operational phase and after this first financing will be able to count on additional contributions amounting to a total of R $ 1.5 billion.
SP – CASAS BAHIA / STORE CLOSURES – ECONOMY – The owner of Casas Bahia, Via, announced last Thursday (10) the closure of between 50 and 100 stores by the end of this year and the layoff of nearly 6 thousand employees. It also announced that it would reduce inventory and restructure the company’s capital. Pictured is the Casas Bahia store in Osasco, Greater São Paulo. 11/08/2023 – Photo: ALOISIO MAURICIO/FOTOARENA/FOTOARENA/ESTADÚO CONTÚDO
Casas Bahia Group (BHIA3) reported on Wednesday (8) that the structuring of the Credit Rights Investment Fund (FIDC) to improve the company’s credit operations will seek initial financing of R$600 million.
According to a related fact, the FIDC is in the pre-operational phase and after this first financing will be able to count on additional contributions amounting to a total capital of R$ 1.5 billion.
The instrument is structured and managed by Polígono Capital, with BTG Pactual (BPAC11) managing.
The Casas Bahia Group stressed that the effective structuring of the FIDC depends on certain approvals, including approvals from shareholders, and national and international political and macroeconomic conditions.
“Therefore, as of this date, no public offering of FIDC and/or any securities issued by the Company has been made in any jurisdiction,” the company stated in a relevant fact.
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